Powerhouse Ventures, Rights Issue Presentation, April 2018

- The company is working on a number of 'off-model' asset disposals that could lead to cash inflows

- The timing of the cash inflows is not certain

- Given the uncertainty of cash inflows, the Board of PVL has decided to launch a Rights Issue to ensure sufficient financial resources for investment opportunities in New Zealand and Australia and to underpin the Australian expansion of Powerhouse.